{
  "id": 4765612,
  "title": "Closing auction session volumes surge on NSE after MSCI rejig",
  "url": "https://urgent.news/2026/09/01/closing-auction-session-volumes-surge-on-nse-after-msci-rejig",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-01T02:22:20.000Z",
  "source": {
    "name": "Business Standard IN",
    "slug": "business-standard-in",
    "url": "https://www.business-standard.com/markets/news/msci-rejig-sends-cas-volumes-surging-sparks-sharp-moves-in-stocks-126083101152_1.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "The National Stock Exchange of India's Closing Auction Session (CAS) saw a significant surge in turnover on Monday, reaching Rs 39,718 crore. This accounted for 22 per cent of the total cash market turnover, according to The Economic Times and Business Standard. The session's turnover was around 42 times that of the previous trading session.\n\nThe CAS coincided with the implementation of the MSCI August 2024 Index Review, which triggered sharp price swings in dozens of stocks. The NSE commanded a 99.9 per cent market share in the CAS, with over 98,000 unique investors participating in the session. This was the first major index rebalancing after CAS was introduced in the Indian capital markets.\n\nThe strong turnover in the CAS demonstrated that index funds and passive investors executed their rebalancing trades through the mechanism, as per The Economic Times. The CAS is a call auction mechanism used to determine the closing price of securities. Business Recorder reported that MSCI's quarterly index changes added four Indian stocks to its Global Standard index and removed three, effective September 1.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "Indian shares set for cautious start; MSCI rejig, HDFC Bank in focus",
        "url": "https://urgent.news/2026/08/31/indian-shares-set-for-cautious-start-msci-rejig-hdfc-bank-in-focus",
        "published": "2026-08-31T03:02:53.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}